The real estate market here in Greensboro is extremely active. I have noticed quite a few homes that have multiple offers on them, and this is why I'm going to explain to you what you can do to win out in a scenario such as this.
If you're planning on buying a home with multiple offers, you have to know that price isn't the only factor involved. Sometimes sellers will pick the most convenient offer with the best terms, and not the offer with the highest price. Things such as the strength of your financing, your closing period, the inspection period, and whether or not you have a home to sell can all be used as bargaining chips to make your offer stronger.
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In some cases writing a personalized letter to the seller can help. This is a good way to make an emotional appeal to the seller, and they will be more comfortable picking your offer over others because you're no longer just a number, you're a face with a story and a reason to buy a home.
It's also crucial for you to be pre-approved before you make an offer, otherwise the seller will likely not even give you a chance.
If you're selling, it's not always best to think that the highest offer is the best offer. What if you need to sell your home quickly and someone has a high offer, but it's contingent on their home selling? In that case taking a lower offer wouldn't be such a bad idea. Sometimes sellers will just take the offer that is most convenient to them.
If you need help navigating through a multiple offer situation, please don't hesitate to contact me. I'm always here to help you!